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Executive Summary
Rare 3 unit apartment building investment opportunity in Eastpointe! Offering the chance to generate passive income or "house hack" by living in one unit while renting out the other two to help offset your mortgage and expenses. This well-maintained 3-unit property offers strong income potential, with projected monthly rents totaling $2,850. The first-floor unit features 2 bedrooms and 1 full bathroom, complete with a brand new kitchen and updated bathroom. Upstairs, the 1-bedroom, 1-bath unit also boasts updated kitchen and bathroom finishes. These units also have all new flooring, paint, & window shades. The studio unit is currently tenant-occupied at $800 per month, providing immediate income. Thoughtfully maintained throughout, the property includes replacement windows, a new water heater, separate electrical service with circuit breakers for each unit, and common laundry facilities in the basement. The building is serviced by one furnace. Outside, you'll find a generously sized lot with three off-street parking spaces. Perfect for both owner-occupants and investors, this clean, well-kept property is full of potential!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$34,200
|
$18.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$34,200
|
$18.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $34,200 |
| Annual Per SF | $18.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $34,200 |
| Annual Per SF | $18.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $279,000 | Property Type | Multifamily |
| Price Per Unit | $93,000 | Building Size | 1,826 SF |
| Sale Type | Investment | No. Stories | 2 |
| Gross Rent Multiplier | 8.1 | Year Built | 1938 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Price | $279,000 |
| Price Per Unit | $93,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 8.1 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,826 SF |
| No. Stories | 2 |
| Year Built | 1938 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,100 | - |
| 1+1 | 1 | $950.00 | - |
| Studios | 1 | $800.00 | - |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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Contact the Sale Advisor
22911 Hayes Ave



